It's Not Possible: China's Top Business Woman Accuses Private Sector Of Bribery

China’s private companies have long enjoyed an edge over their state-owned peers, using “unscrupulous” tactics such as bribery, a prominent businesswoman said, at a time when Beijing is seeking to shore up the private sector in a slowing economy.The bold remarks on Wednesday by Dong Mingzhu, chairwoman of Gree Electric Appliances, came at a time when Chinese leaders have pledged to step up support for small and private firms vital for economic growth and job creation. “People abroad don’t completely understand China’s economic structure. Once they talk about state firms, they think they are government-owned... and private firms are bullied. This is their misunderstanding,” Dong said at the Boao Forum, which China is trying to promote as Asia’s answer to Davos. She said private companies had enjoyed a competitive advantage over state firms in the course of China’s economic development, saying many resorted to “unscrupulous tactics” such as bribing government officials.

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Wow. Is she new to China?😂

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Fine ! But I don't know any country without bribery, except perhaps Scandinavian countries. Perhaps. The courage of this woman is the only news in this article.

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4 minutes ago, francoba said:

Wow. Is she new to China?😂

Yep. If you don’t work for the CPP general at Huawei, you must be corrupt.😀

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Bribery is the way of the world. If you doubt this, look around you.

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Does she have some suggestion for president Xi?  After this, her business is a past... No more.

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Bribery's coming: China new foreign investment law, effective 1/1/2020, should address mandatory technology transfers by foreign companies as well as impose additional criminal liability for IP theft....

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